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Utilities commit to buying more electric vehicles in the US

70 of America’s electric utilities have made a commitment to purchase $250,000,000 worth of plug-in hybrid and electric vehicles over the next five years. The plan was announced at the White House on Friday.

“The commitment we’re announcing today isn’t just about purchasing more vehicles, and it’s not just about utilities,” said Tony Earley, CEO of Pacific Gas & Electric. “It’s about encouraging clean energy innovation, growing the marketplace for electric drive technologies and positioning our country – and our customers – to take full advantage of the incredible opportunity that electrification represents.”